The typical owner-occupied home in Redwater is worth about $110,600, 61% below the Texas median of $283,800 and 67% below the national median of $332,700. The median household earns $49,167 a year, so the median home costs 2.2 times the median income (3.6 times for Texas). 63% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Redwater at a glance
| Redwater | Texas | U.S. | |
|---|---|---|---|
| Median home value | $110,600 | $283,800 | $332,700 |
| Median property tax paid per year | – | $4,232 | $3,119 |
| Median household income | $49,167 | $78,476 | $80,734 |
| Homes lived in by their owners | 63% | 63% | 65% |
| Owner homes with a mortgage | 46% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,149 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 20.3% | 21.7% | 21.0% |
| Median rent | $883 | $1,403 | $1,413 |
| Rent as a share of renters' income | 18.9% | 30.9% | 30.6% |
| Median year homes were built | 1986 | 1992 | 1980 |
| Vacant homes | 8.6% | 9.4% | 10.1% |
| Population | 747 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Redwater
At this week's average 30-year rate of 7.11%, buying the median Redwater home of $110,600 with 20% down costs about $743 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $927, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $31,829 for the 20%-down payment. That payment is 18% of the median Redwater household income of $49,167; at that income and 20% down, the 28% guideline points to a home of about $171,000.
The median rent here is $883 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $22,120 |
|---|---|
| Loan amount | $88,480 |
| Principal and interest | $595 |
| Property taxes (1.10% a year) | $101 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| PMI | $0 |
| Total per month | $743 |
Change the numbers in the calculator
| Down payment | $3,871 |
|---|---|
| Loan amount | $108,597 |
| Principal and interest | $731 |
| Property taxes (1.10% a year) | $101 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| FHA mortgage insurance | $49 |
| Total per month | $927 |
Change the numbers in the calculator
Questions about home buying in Redwater
What is the median home value in Redwater?
About $110,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Redwater?
For the median home with 20% down at 7.11%, the payment is about $743 a month. Keeping that under 28% of gross income takes about $31,829 a year.
More about Redwater
- Mortgage Refinance in Redwater
- Debt Relief in Redwater
- Home Equity Loans in Redwater
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data